Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local 1 Health & Welfare Fund
- Sponsor EIN: 430678755
- Sponsor Address: 5735 ELIZABETH AVENUE, ST. LOUIS, MO, 63110
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,293
- Total Assets: $185.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,293 | $185.7M | $72.7M | $3.7M |
| 2023 | 4,151 | $186.9M | $71.0M | $3.5M |
| 2022 | 3,962 | $181.9M | $67.6M | $3.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| IBEW-NECA SERVICE CENTER | Other Service Provider | $2,802,879 | — | $2,802,879 |
| CIGNA HEALTH AND LIFE INSURANCE COM | Other Service Provider | $1,564,468 | — | $1,564,468 |
| EXPRESS SCRIPTS | Other Service Provider | $1,140,975 | — | $1,140,975 |
| THE SEGAL COMPANY | Other Service Provider | $255,330 | $21,666 | $276,996 |
| DELTA DENTAL | Other Service Provider | $190,568 | — | $190,568 |
| COMMERCE BANK | Other Service Provider | $147,341 | — | $147,341 |
| ZELIS PAYMENTS HOLDINGS LLC | Other Service Provider | $133,895 | — | $133,895 |
| EVERNORTH BEHAVIORAL HEALTH | Other Service Provider | $106,103 | — | $106,103 |
| SHELTON CAPITAL MANGEMENT | Other Service Provider | $101,770 | — | $101,770 |
| ANDERS MINKLER HUBER HELM LLP | Auditor | $78,098 | — | $78,098 |
| SCHUCHAT, COOK & WERNER | ERISA Attorney | $50,845 | — | $50,845 |
| INK SPOT | Other Service Provider | $32,348 | — | $32,348 |
| MARQUETTE ASSOCIATES | Other Service Provider | $25,000 | — | $25,000 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $21,200 | — | $21,200 |
| SDA, INCORPORATED | Other Service Provider | $16,033 | — | $16,033 |
| RED-CARD SYSTEMS LLC | Other Service Provider | $11,598 | — | $11,598 |
| ALLEN BATES TECHNOLOGIES INC. | Other Service Provider | $5,060 | — | $5,060 |
| A&S FINANCIAL SERVICES | Other Service Provider | $5,016 | — | $5,016 |
| SUSAN L PORTAS | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANDERS MINKLER HUBER HELM LLP — Auditor
- SCHUCHAT, COOK & WERNER — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,715,193
- Estimated Expense Ratio: 3.616% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,524,483 | $416,619 | — | $83,098 | — |
| 2023 | $3,506,876 | $451,826 | — | $95,037 | — |
| 2022 | $2,956,319 | $471,988 | — | — | $268,324 |